The plant is expected to generate approximately 1,016 GWh of clean energy during its lifetime leading to 935,088 tonnes of carbon emission reduction
Renewable energy firm Cleantech Solar has announced the commissioning of a 30 MW open-access solar park in the Beed district of Maharashtra. The power generated from the PV park will be supplied to leading corporate customers under the captive mode.
The plant is expected to generate approximately 1,016 GWh of clean energy during its lifetime leading to 935,088 tonnes of carbon emission reduction.
Cleantech said that procuring power from this solar park will enable its C&I customers to further their sustainability goals by adding solar power to their energy mix. Furthermore, harnessing cleaner, greener, and cheaper power will help them reduce operating costs.
Raju Shukla, Cleantech Solar’s Founder and Executive Chairman said, “We are very happy to see the state-of-the-art solar park in Beed, completed in record time, provide clean energy to our valuable customers. We at Cleantech Solar would like to extend our hearty congratulations to our partners on achieving this milestone in their sustainability journey.”
Headquartered at Singapore, Cleantech Solar is a pan-Asia supplier of renewable energy to corporates, combining the capabilities of a regional player with responsiveness and agility.
Cleantech Solar has 500 MW+ PV portfolio across various stages of operations, construction, and development in India and Southeast Asia. This includes installations in India, Indonesia, Cambodia, Malaysia, Thailand, Vietnam, and Singapore.
India aims to achieve 175 gigawatts (GW) of renewable capacity, including 100GW of solar power, by 2022. India’s power requirement would touch 817GW by 2030, more than half of which would be clean energy, according to the Central Electricity Authority.
India’s commercial and industrial segment has been attracting global energy majors and investors. Actis plans to invest $850 million to build two green energy platforms, one of which will be focused on the segment. Recently, Norway’s state-owned Norfund and TPG Capital’s The Rise Fund announced their $100 million and $25 million investment, respectively, in Hyderabad-based Fourth Partner Energy.
